Finally have some time to check with the Gold and Money market.
This time is just a simple breakout trend trade analysis. The price is breaking out from the previous trend
and have probability to touch 1300.
This trade plan have a winning rate more about 50:50% win rate ratio.
But why i still taking this trade?
is just because the reward is to interesting to be missed. the risk and reward ratio is 1 : 3,5.
Since I'm planning enter this trade with only risking 1% of my account
if i win i got 3.5% but if i loss i only loss 1%.
Sounds good for me.
I also provide 2 kind of Tprofit point, in my point of view i will put my TProfit point Slightly below 1300, but again the exit point is really flexible
depend on your point of view and strategy.
Again if the risk is to high for you, dont trade it. because every person have different method and money management.
If this analysis is giving you good information, than I will be pleased to help other trader.
Good Luck and Trade Wisely